According to the report from United Daily News, the subsidiary of China’s Xinwai Media Group, Xinwai Blockchain, has established the Asia Pacific Yiante Technology Co., Ltd. and the BitAsset virtual currency trading platform in Taiwan without the approval of the supervisory authority since 2018.
The Taipei District Prosecutors Office has found that in order to promote the company’s virtual currency exchange Bitassets in Taiwan, the person in charge, surnamed Gao, of Xinwai Blockchain, approached a Taiwanese named Hu Zhilong and established the Asia Pacific Yiante Company in Taiwan in 2018.
Yesterday, the prosecutors’ office directed the Taipei City Investigation Division to conduct searches in 8 locations and summoned Hu Zhilong for questioning on suspicion of violating the “Act Governing Relations between the People of the Taiwan Area and the Mainland Area” and other offenses. After being questioned, Hu was released on a bail of 200,000 NTD, while the other 3 former executives were sent back.
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